[thelastgallon]

>WTF did Uber build with all of that spend? How did it meaningfully impact their revenue in a positive direction?

Uber (and quite a few bay area companies and startups) can afford to spend that money. There is no expectation of profit, Uber lost ~62B and growing: https://uberlosses.com/

[oblio]

As much as I love to hate on Uber, that website is from 2022. Uber has been profitable since 2023.

It's profit margin seems to have stabilized around 10%.

The real economic crime is losing at least $40bn over 10 years scaling a business that ended up having retail profit margins (i.e. low profit margins).